United Kingdom
P&I Portal

Standard Club

The Standard Steamship Owners’ P&I Association (Bermuda) Limited
12/13 Essex Street, London WC2R 3AA, UK
standard-Club.com t +44 (0)20 3320 8888

Managers: Charles Taylor & Co (Bermuda)

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2018 2017 2016
11,065 10,831 8,567
Total owned entered GT
2018 2017 2016
131,800,000 126,200,000 116,300,000
Total chartered GT
2018 2017 2016
26,700,000 24,000,000 22,100,000
Total MOU chartered GT
2018 2017 2016
9,504,217 8,900,000 7,500,000

Entered GT by region

Entered GT by region

Income Statement (year ending - 20th February) USD 000s

  2018 2017
Income Calls and premiums 334,300 338,800
Excess Calls 0 0
Reinsurance Premiums -80,800 -77,000
Total Income 253,500 261,800
Expenditure Net claims incurred 232,300 200,800
Net operating expenses 45,700 43,500
Total expenditure 278,000 244,300
Underwriting result pre investment/other financial income and tax -24,500 17,500
Investment/other financial income 50,600 21,900
Tax/interest charged 4,900 1,000
Overall result 31,000 40,400
Free reserves 461,500 430,500

Breakdown of investment by type

Breakdown of investment by type
S&P Rating Current Rating 2017
Rating A A
Outlook Stable Stable
Type of rating Interactive Interactive
Policy Year 2010 2011 2012 2013 2014 2015 2016 2017 2018
General Increase % 3 3.5 5 7.5 12.5 5 2.5 0 0
Supplementary Call Record % 0/0 0/0 0/0 0/0 0/0 0/0 0/-5 0/-5 0/0

Release Call Percentage - as at June 2018

2015 2016 2017 2018
0% 0% 0% 6%